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      Armitage Introduces USDT Vaults on Morpho Platform

      Armitage, the vault curation division of crypto market maker Wintermute, has expanded its offerings by launching two USDT vaults on the Morpho protocol. This development marks a shift from its previous strategy, which focused solely on USDC vaults. The introduction of these USDT vaults is part of a broader initiative to diversify into multi-stablecoin decentralized finance (DeFi) yield products.

      The newly launched USDT Prime vault aims for an annual percentage yield (APY) of 3-4% and does not charge any management or performance fees. This vault allocates deposits to established Morpho markets, including cbBTC/USDT and WBTC/USDT pairs. In contrast, the existing USDC Prime vault targets a slightly higher yield of 4-5% APY, maintaining conservative investment parameters. Both vaults operate under Morpho V2 smart contracts, ensuring that deposits remain non-custodial and permissionless.

      Since its inception in May 2026, Armitage has reported approximately $51.8 million in total assets under management across its vaults on Morpho. A notable highlight includes the Pendle Ecosystem USDC vault, which achieved a total value locked between $50 million and $53.55 million shortly after its launch. The expansion into USDT is significant as it allows Armitage to tap into a larger market, particularly in Asia and emerging economies, where USDT is more widely used compared to USDC.

      Wintermute's strategy with Armitage not only enhances its presence in the DeFi lending sector but also leverages its liquidation infrastructure to manage collateral risks effectively. By forgoing traditional performance fees, Armitage appears to be focusing on data and flow advantages, positioning itself competitively within the evolving DeFi landscape.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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